Oprah Winfrey, Quvenzhané Wallis & More Honored at ESSENCE's Black Women in Hollywood Awards

02/21/2013 at 01:00 PM EST

Before the Oscars honor the best in film on Sunday, ESSENCE is celebrating the achievements of Black women in film and television.

Beginning at 2:30 Thursday, the magazine will hold its sixth annual Black Women in Hollywood Awards Luncheon at the Beverly Hills Hotel, where six exemplary women in Hollywood will be honored, and you can watch the action live here.

This year's honorees are Oprah Winfrey, Alfre Woodard, Gabrielle Union, Mara Brock Akil, Naomie Harris and Quvenzhané Wallis.

The ESSENCE Black Women in Hollywood Luncheon recognizes the 'Power of our Presence' by spotlighting the stellar accomplishments of African-American female performers and creators in film and television.

RELATED: Quvenzhané Wallis Rocks Another Puppy Purse

The approximately hour-long ceremony begins at 2:30 p.m. ET and will also livestream on ESSENCE.